Nearly RM3 Billion Lost To Scams, And 10 Seconds Is All It Takes
Photo: The Rakyat Post
Malaysians lost nearly RM3 billion to online scams last year, with Selangor recording the highest losses, as Bank Negara Governor (BNM) Datuk Seri Abdul Rasheed Ghaffour urged verification through official channels before any transfer.
From the original report
Abdul Rasheed made the remarks at the opening of the 2026 Selangor Financial Literacy Carnival.
He said digital banking has made payments easier, but people now have less time to make financial decisions.
…
This is a brief of a report by another newsroom. The excerpt below is from the original.
Read the full report at The Rakyat Post
The Rakyat Post
Read the full translated article in Japanese →
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About this story
- Source
- The Rakyat Post
- Originally published
- Oct 26, 2026
- Updated here
- Oct 26, 2026
- Produced by
- Malaysia Times desk (brief) — reporting by the source
- Corrections
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